However, The Truth Is That Nearly All Who Learn ALL ABOUT Forex Lose All Their Money

Category: Finance, Currency Trading.

FOREX currency trading has become SO popular world wide, that a completely new industry has developed, almost overnight.

However, the truth is that nearly all who learn ALL ABOUT Forex lose all their money. Just go and type Forex into Google and see what comes up. as well as my Forex for Beginners course at http: //www. forextrainingworks. com there are currently more than 2, 000 varying training courses, self- help books, online flash presentations, CD tutorials, broker trainings, opt, guru courses- in tips of the day and people who will sell you trade entry and exit points on a daily basis. They fail because they didn t learn about the things that really matter. People overtrade, revenge trade or live in hope that losing trades will somehow magically turn into winning trades. It might be hard to swallow, but it s not complex systems, indicators or gurus that count- it s discipline and a clarity of purpose. This is such a common illusion, leading to capital inexorably eroding till it s all gone.

An explosion of a fraudulent lowlife, taking money off the innocent and unsuspecting trader. The sudden explosion of beginner traders into the Forex Market- only made available to you and me by the benefits of the PC- has ensured another explosion. Over 90 per cent of what s on offer is nothing but smoke and mirrors. But what I am saying is that many of them aren t, and of those that are, they are so often ludicrously over- priced or MLM rip- offs. It s the internet, and as we all know, the internet is a perfect place for never having to look someone in the eye when you take money from them. How on earthcan a pile of CDs be priced at thousands of dollars( it costs just cents to copy CDs! ), and how does a manual about complex indicators answer a simple question like, "where do I put my stop loss on Non- Farm payroll day? " Now I m not saying that all of these ways to make your fortune overnight are no good. Yes, it s good- but boy, it can also be bad, and any recourse is tricky if not impossible most of the time. Be specific about this.

If you are considering ANY Forex training course for beginners, I suggest these questions may be well worth asking: Ask if you have direct access to the main trainer throughout the course, by email AND telephone if necessary. Find out EXACTLY what it is you are paying for. Ask how much ground the course covers. Is there a referral to a Forex broker who will be paying the trainer a commission for each referral? Beware of information overload or mumbo jumbo (the single biggest reported disappointment with Forex trading courses for beginners) . Does the trainer actively trade for a living?

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